Definition ∞ Royal Assent legislation refers to laws that have received the formal approval of the monarch, a final step required for a bill to become an act of parliament in constitutional monarchies. This signifies the official enactment of new legal provisions. In the context of digital assets, such legislation provides the highest level of legal authority for their regulation.
Context ∞ The progression of digital asset bills to Royal Assent legislation in countries like the UK marks significant milestones for regulatory clarity in the crypto sector. These legislative acts often introduce new definitions, regulatory powers, and legal frameworks for virtual assets and related services. News reports closely follow these legislative processes as they shape the future operating environment for digital asset businesses.
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